Like a footballer returning from a potentially career-ending injury who appears unable to commit to a tackle, the spectre of Hanjin continues to haunt the South Korean shipping industry – it is hard to overstate just how traumatic many found the bankruptcy of its largest shipping line; surely one of the key reasons why the country’s government continues with its support of Hyundai Merchant Marine.

[One little-reported news item from a month ago is the company’s formal rebranding into just plain ...

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